With the largest, almost incomprehensible national debt in the world, exceeding all prior national debts combined since the founding of America, there is an honest avoidance of referring to the U.S.A. as “the richest nation in the world”.
A recent study by the Economic Cooperation and Development, comparing 30 nations finds the United States has the highest inequality and poverty rates in the OECD after Mexico and Turkey, and the gap has increased rapidly since 2000, the report said.
And the president of Partnership for the Homeless in New York City paints the reality: "The shrinking economy will undoubtedly mean less public financing for critical services and fewer jobs for our neighbors in need. During these fragile and uncertain economic times, we'll certainly be seeing thousands upon thousands more people teetering on the precipice, falling into homelessness."
And while 45 million Americans lack healthcare coverage, this Republican-led administration goes on spending $10 billion a month in Iraq. However that won’t stop American CEO's and Wall Street Bankers from maintaining the highest salaries in the world.